The dollar regained some ground on Wednesday, a day after hitting record low against the euro.
The euro rose above 1.6000 U.S. dollars on Tuesday as two European Central Bank (ECB) governors indicated that the ECB might raise rates if inflation didn't subside.
The dollar climbed back late Tuesday after one of the officials said that his comments had been over interpreted. The trend continued on Wednesday, helped by strong profit reports from Boeing and other large U.S. corporates. Investors also reacted positively to the acquisition plan between two major insurance companies.
The euro-zone composite purchasing managers index rose to 51.9 in April, according to a report released on Wednesday. It helped to send the euro down as economists cautioned that components of the data still showed signs that a moderate economic downturn remained in place.
The euro bought 1.5896 dollars in late New York trading compared with 1.6000 dollars it bought late Tuesday. The British pound fell to 1.9803 dollars from 1.9952 dollars.
The dollar rose to 1.0158 Swiss francs from 1.0028 Swiss francs, and rose to 103.52 Japanese yen from 103.09 Japanese yen. It rose to 1.0175 Canadian dollars from 1.0084 Canadian dollars.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article